Stalprofil had initially PLN 12.32 million in net profit, and PLN 13.72 million in EBITDA in Q3

Stalprofil recorded PLN 12.32 million of consolidated net profit in Q3 2022 compared to PLN 24.58 million profit a year earlier, the company said, presenting estimated data.
The EBITDA result initially amounted to PLN 13.72 million against PLN 29.29 million profit a year earlier, according to the announcement.

Consolidated revenues amounted to PLN 307.66 million compared to PLN 265.11 million a year earlier.

In Q1-Q3, the company recorded an estimated PLN 74.29 million of consolidated net profit compared to PLN 80.11 million a year earlier, with revenues of PLN 953.29 million compared to PLN 704.23 million a year earlier. The EBITDA result in this period was initially PLN 93.84 million compared to PLN 101.54 million in profit a year earlier.

“The company's estimated results for 9 months of 2022 show revenues higher by 35% y / y and net profit lower by 7% y / y. The estimated net profit for the third quarter of 2022 amounted to PLN 12 321 thousand. PLN and despite the fact that it is half of the profit generated in the third quarter of 2021, against the background of the unstable market situation in which the steel industry operated in the last quarter, the generated result should be considered fully satisfactory "- reads the release.

In conditions of exceptionally unstable prices of steel products and high volatility of demand from steel consumers, the company realized in the first half of the 2022, the sales volume of metallurgical products increased by 12% y / y, recording a 69% y / y increase in revenues in the steel segment, was also announced.
Source